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Monmouth 07748
202 Heights Terrace
$515,000
● House - Off Market

202 Heights Terrace

Middletown, NJ 07748
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,350 Ft²
$795,698
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Welcome Home! This 4/5 bedroom 2 1/2 bath Split level home is awaiting you. This is not your regular split level in the Twinbrooks area. The kitchen is extended to accommodate a dining area making it the center of the house. The Den is off of the Family Room with a Bar area or can be used as a Play Room. Living Room with gleaming hardwood floors and high ceilings. A bonus room for your office could also be used as a guest bedroom or 5th bedroom. Four Bedrooms are on the same second level. Enjoy the private backyard with a deck, an inground pool and a cabana.
Unit Size
2,350 Ft²
Days on Market
-
Land Size
-
Price per sqft
$224
Property Type
House
Property Taxes
$810
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MOMLS #21814071)

Price History

Date / Event Date Event Price
Aug 23, 2018 Sold
Premium
Sold
Apr 15, 2018 Listed by Coldwell Banker Realty $526,000
Listed by Coldwell Banker Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 552
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 2,350
  • Building Area: 2,350
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,350
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000574
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Middletown Township School District
  • Census Tract: 801000

Zoning

  • Zoning: R22

Geography

  • Assessors Map Reference: TAX MAP 162
  • Account Number: 9-4-2.5
  • District: 32
  • Parcel: 32 00809-0000-00018
  • Block: 809
  • Lot: 18
  • Municipality: MIDDLETOWN TWP
  • Latitude: 40.3867
  • Longitude: -74.1122

    Address

  • Full Address: 202 Heights Ter
  • Address - House Number: 202
  • Address - Street Name: Heights
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Middletown
  • Carrier Code: C012
  • 4-Digit Zip Code: 3422
  • Zip Code: 07748

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,072,694

    Appraisal Valuation

  • Standard Deviation: 0.1868
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 75
  • Final Value: 804,097
  • High Value: 954,363
  • Low Value: 653,832

    Market Valuation

  • Market Total Value: $617,200
  • Market Land Value: $333,200
  • Market Improvement Value: $284,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $617,200
  • Assessed Land Value: $333,200
  • Assessed Improvements Value: $284,000

    Sales

  • Current Sale Contract Date: Aug 07, 2018
  • Current Sale Recording Date: Sep 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2018089228
  • Previous Sale Recording Date: Aug 27, 2002
  • Previous Sale Contract Date: Aug 14, 2002
  • Previous Sale Amount: $380,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Monmouth

Stats & Trends

Median Asking:

$739,900

Sale Price/ft²

$386

Above Asking

0.00%

Average Days on Market

70

Average Home Size

1963 ft²

Average Home Age

45.4 years

Currently For Sale

1833 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MOMMLS

Listed by: Maria Petersen, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21814071
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 202 Heights Terrace built and last sold?
The property at 202 Heights Terrace was built in 1963 and last sold on Aug 7, 2018 for $515,000.
How much is this home worth?
The estimated value of the home located at 202 Heights Terrace is $552,008.
What are some comparable homes to 202 Heights Terrace?
There are currently no comparable homes to 202 Heights Terrace.
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